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ActaFi Launchpad
The ActaFi Launchpad incubates projects that build on Avalanche and Cardano. An Initial Dex Offering (IDO) is the initial offering of tokens that is conducted and controlled by the underlying Decentralised Exchange Protocol. Contributed funds are vested, managed, and made available to the project gradually in order to prevent rug-pulling and exit scams. A wellfunctioning LaunchPad protocol creates a safe and trustless crypto fundraising environment.
The fundraising will happen in four stages:
- 1.Introduction
- 2.Qualification
- 3.Subscription
- 4.Open Round
After a vetting and due diligence process of the Acta Finance team, projects are put available for the Acta Ambassadors to vote, in a decentralised way, on which project makes it to the launchpad. The winning project gets introduced to the community followed by a schedule that runs up to the IDO launch.
During seven days, prior to IDO launch, a daily snapshot will be taken, on-chain, of ACTA Token holders and/or stakers. Every person with a minimum average of 3000 ACTA Tokens during those seven snapshot days, in their wallet / staking / wNFT, gets a base allocation to invest in the launchpad project. Allocation sizes scale progressively based on higher average holding scores, as per table below:
Tier level | Required ACTA | Basic Allocation (BA) |
|---|---|---|
1 | 3,000 - 9,999 | BA |
2 | 10,000 - 24,999 | BA ~ X2 |
3 | 25,000 - 49,999 | BA ~ X4.5 |
4 | 50,000 - 99,999 | BA ~ X9 |
5 | 100,000+ | BA ~ X17.5 |
Participants in the ActaFi Ambassador Program count automatically as participants for minimum tier 3.
Two days before the launch, the list of eligible wallets will be released that are qualified to participate for an investment allocation.
The qualified wallets will be required to perform the KYC process, to stay compliant with fundraising law and make sure that licensed projects don’t get in trouble. Participants in the launchpad will only be requested to perform the KYC once.
If any eligible ACTA holder decides not to participate in ticket distribution, or fails to complete KYC, their allocation value will be added to the Open Round.
Depending on the number of unclaimed allocation tickets from stage 3, an Open Round will be created. Any user that is minimum tier 1, will be able to invest at a higher allocation on a First Come First Served (FCFS) basis.
The launchpad contributions are distributed as follows:
To protect the ActaFi Ecosystem the:
*70% Project development is released on milestones reached on the project’s roadmap.
** 20% Locked for 12 months in the liquidity pool on ActaFi Swap.
*** 7.5% Used for smart contract audit, setting up farming pools and PR activities.